Roth Capital Weighs in on Silvercorp Metals Inc.’s FY2024 Earnings (NYSEAMERICAN:SVM)

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) – Investment analysts at Roth Capital cut their FY2024 earnings estimates for Silvercorp Metals in a research report issued on Friday, April 26th. Roth Capital analyst J. Reagor now expects that the company will earn $0.20 per share for the year, down from their prior forecast of $0.21. The consensus estimate for Silvercorp Metals’ current full-year earnings is $0.20 per share. Roth Capital also issued estimates for Silvercorp Metals’ Q4 2024 earnings at $0.02 EPS.

Separately, Roth Mkm lowered their price objective on shares of Silvercorp Metals from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th.

Silvercorp Metals Stock Performance

NYSEAMERICAN:SVM opened at $3.31 on Monday. Silvercorp Metals has a 52 week low of $2.08 and a 52 week high of $3.98. The company has a market cap of $586.90 million, a PE ratio of 19.47 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Silvercorp Metals had a net margin of 15.01% and a return on equity of 6.96%. The firm had revenue of $58.51 million for the quarter, compared to analysts’ expectations of $55.10 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PFG Investments LLC purchased a new stake in shares of Silvercorp Metals in the first quarter worth $40,000. Evergreen Capital Management LLC purchased a new stake in shares of Silvercorp Metals during the third quarter worth about $39,000. Vanguard Personalized Indexing Management LLC lifted its holdings in Silvercorp Metals by 34.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,748 shares of the company’s stock worth $44,000 after purchasing an additional 4,855 shares in the last quarter. PEAK6 Investments LLC bought a new position in Silvercorp Metals in the 3rd quarter worth approximately $46,000. Finally, Dynamic Technology Lab Private Ltd grew its holdings in Silvercorp Metals by 77.3% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock valued at $70,000 after buying an additional 11,546 shares in the last quarter. Institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Company Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.